1328
THE NEW ZEALAND GAZETTE
No. 56

RESERVE FUND ACCOUNT AS AT 31 MARCH 1959
£ s. d.
Loss on sale of securities .. .. .. 281 5 0
Balance .. .. .. .. .. 434,430 18 8
£434,712 3 8

£ s. d.
Balance .. .. .. .. .. 416,732 12 3
Profit on purchase of securities .. .. 712 10 0
Excess provision for taxes 31 March 1958 .. 769 5 3
Profit and Loss Appropriation Account .. 16,497 16 2
£434,712 3 8

BALANCE SHEET AS AT 31 MARCH 1959
Depositors’ balances— £ s. d. £ s. d.
Savings bank department .. 7,374,530 0 6
Thrift club accounts .. 176,825 2 7
Special purpose accounts .. 140,204 4 7
Home lay-by accounts .. 38,711 16 3
Investment accounts .. 74,214 19 1
Accrued interest .. 1,404 7 6
75,619 6 7
Ordinary depositors’ total .. .. 7,805,890 10 6
National Savings—
Depositors’ balances .. 1,310,500 14 3
Add National Savings
Interest Suspense
Account .. 21,152 6 7 1,331,653 0 10
Other credit balances—
Owing to other trustee
savings banks .. 162 8 6
Staff Provident Funds .. 47,294 5 7
Provision for taxation .. 21,746 10 0
Provision for grants .. 5,500 0 0
Provision for suspensory
free deposits on home
lay-by accounts .. 650 0 0
75,353 4 1
Reserve Fund Account .. .. 434,430 18 8
£9,647,327 14 1

Current assets— £ s. d. £ s. d.
Cash in hand and at
bankers .. .. 216,646 16 4
Fixed deposits .. .. 200,000 0 0
Interest due and accrued
on investments, etc. .. 67,667 14 2
Owing by other trustee
savings banks .. 1,607 9 11
Rents accrued .. 243 14 0
Total current assets .. 486,165 14 5
Investments—
New Zealand Government
inscribed stock .. 4,009,816 19 2
Local body debentures .. 598,312 8 9
First mortgages on free-
hold property .. 3,131,887 1 4
Total of investments 7,740,016 9 3
Total of current assets
and investments .. 8,226,182 3 8
National savings securities 1,331,653 0 10
Total securing national
savings depositors .. 1,331,653 0 10
Total of current assets,
investments and
securities .. .. 9,557,835 4 6
Fixed assets, at cost, less
depreciation—
Land and buildings .. 67,975 17 1
Office furniture, etc. .. 21,516 12 6
89,492 9 7
£9,647,327 14 1

J. G. BARNES, President.
W. G. HILLIKER, General Manager.

We, the undersigned, James Brown and Co. and J. S. McInnes
and Sons, being the auditors of the Dunedin Savings Bank,
appointed in terms of section 29 (3) of the Trustee Savings Banks
Act 1948, report: (1) We have examined the books, accounts, and
vouchers of the bank, and have received all the information and
explanations we have required; (2) We have verified the cash,
investments, securities, and assets of the bank as at 31 March 1959;
(3) The General Manager has certified that, to the best of his
knowledge and belief, all requirements of the Trustee Savings Banks
Act 1948 and regulations thereunder have been complied with.

In our opinion, the above balance sheet is drawn up so as to
exhibit a true and correct view of the state of affairs of the Dunedin
Savings Bank according to the best of our information and the
explanations given to us, and as shown by the books of the bank.

JAMES BROWN AND CO. } Auditors.
J. S. McINNES AND SONS }

Dunedin, 15 April 1959.
1111

INVERCARGILL SAVINGS BANK

RECEIPTS AND PAYMENTS FOR YEAR ENDING 31 MARCH 1959
RECEIPTS
£ s. d.
Cash on hand and at banks, 1 April 1958 .. 290,033 10 4
Deposits—
Savings bank accounts .. .. 8,630,093 7 7
Thrift club accounts .. .. 13,125 12 4
National savings accounts .. 17,976 3 2
Branch remittances .. .. 1,956,100 10 7
Other trustee savings banks .. 2,302 12 8
Exchanges, fines, and forms .. 151 5 4
Commission .. .. .. 1,972 8 7
Interest—
New Zealand Government stock .. 138,690 17 6
Local body debentures .. .. 62,063 15 5
Mortgages .. .. .. 98,264 11 2
Other investments .. .. 27,143 10 6
Principal repayments—
Local body debentures .. .. 62,081 7 0
Mortgages .. .. .. 114,314 12 10
Other investments .. .. 378,450 0 0
Miscellaneous receipts .. .. 5,212 14 0
Rents .. .. .. 590 6 10
Travellers cheques .. .. 12,704 8 2
Valuation fees .. .. 606 19 0
£11,811,878 13 0

PAYMENTS
£ s. d.
Withdrawals—
Savings bank accounts .. .. 8,893,400 18 11
Thrift club accounts .. .. 12,650 13 0
National savings accounts .. 65,302 18 4
Branch remittances .. .. 1,884,358 7 8
Building additions, donations, equipment, and
tax .. .. .. 36,596 0 1
Exchanges .. .. .. 89 14 8
Fuel, lighting, and cleaning .. 771 8 7
Insurances .. .. .. 612 14 1
Local body debentures .. .. 57,000 0 0
Mortgages .. .. .. 89,198 8 7
New Zealand Government stock .. 160,000 0 0
Other investments .. .. 240,000 0 0
Local body loans: Clients’ applications .. 66,190 0 0
Miscellaneous payments .. .. 2,945 5 4
Other trustee savings banks .. 16,042 5 2
Perusal fees .. .. .. 61 11 0
Postages, telephones, and tolls .. 902 14 0
Printing, stationery, and advertising .. 4,651 9 9
Rents .. .. .. 130 0 0
Repairs and maintenance .. 1,093 9 2
Salaries, fees, etc. .. .. 35,292 19 4
Sundry charges .. .. 1,455 11 5
Tax deductions .. .. 4,728 4 7
Travellers cheques .. .. 12,677 9 3
Travelling and relieving expenses .. 1,764 7 6
Cash on hand and at banks .. 223,962 2 7
£11,811,878 13 0

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1959
Interest credited to depositors— £ s. d. £ s. d.
Savings bank accounts—
Open .. .. .. 202,613 18 6
Closed .. .. 5,144 7 11
207,758 6 5
National savings accounts—
Open .. .. .. 11,580 8 6
Closed .. .. 213 19 10
11,794 8 4
Charges and management
expenses—
Cleaning .. .. .. 68 19 9
Earthquake damage insurance .. 14 0 0
Fuel and light .. .. 715 2 7
Insurance .. .. .. 533 7 7
Perusal fees .. .. .. 61 11 0
Postages, telephones, and tolls .. 884 1 1
Printing, stationery, and ad-
vertising .. .. 4,706 14 9
Rent .. .. .. 130 0 0
Repairs and maintenance .. 1,048 4 11
Salaries, fees, etc. .. .. 37,859 8 10
Sundry charges .. .. 1,422 8 10
Superannuation .. .. 2,212 12 3
Travelling and relieving
expenses .. .. 1,210 17 10
50,867 9 5
Depreciation—
Buildings .. .. .. 3,988 8 0
Furniture and fittings .. 1,690 7 0
Ledger posting machines .. 1,228 18 6
Office machines .. .. 118 6 5
7,025 19 11
Provision for taxation .. .. 29,730 8 0
Net profit transferred to Profit
and Loss Appropriation
Account .. .. 30,810 9 2
£337,987 1 3